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McCormick & Company, Incorporated MKC SPX

Consumer Defensive · Packaged Foods · United States
https://www.mccormickcorporation.com

McCormick & Company, Incorporated manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's, Cholula Hot Sauce, Club House, Gourmet Garden, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; and McCormick and DaQiao brands in the Asia/Pacific, as well as markets desserts under the Aeroplane brand and packaged chilled herbs under the Gourmet Garden brand name; and markets authentic regional brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors, wholesale foodservice suppliers, and e-commerce. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

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$47.37
-32.97% 1Y

Market & Price

Market Cap
$12.74B
Current Price
$47.37
High / Low (52W)
$75.37 / $45.60
Beta
0.67

Valuation

Stock P/E
7.77
Industry PE
18.88
Forward P/E
14.15
PEG Ratio
1.82
Book Value
$25.98
Price to Book
1.82
P/S
1.79
EV/EBITDA
13.30
Dividend Yield
4.05%

Profitability & Returns

ROCE
10.94%
ROE
25.35%
ROA
4.88%
Profit Margin
23.12%
Op Margin
14.34%
EPS (Latest Qtr)
$3.77
EPS (TTM)
$6.10

Balance Sheet & Liquidity

Debt/Equity
0.65
Quick Ratio
0.29
Current Ratio
0.76
Debt
$4.92B
Total Assets
$13.20B
Current Assets
$2.14B
Working Capital
$-924.10M

Ownership

Promoter Holding
0.03%
Chg in Prom Hold
-
FII / Inst Holding
93.39%
Chg in FII Hold
0.01%

Financial Snapshot

Enterprise Value
$18.05B
Total Revenue (TTM)
$7.11B
EBITDA
$1.36B
Free Cash Flow
$372.78M
Operating Cash Flow
$897.60M
Shares Outstanding
253.99M
Gross Margin
38.18%
Payout Ratio
30.00%

Growth (CAGR)

Revenue 5Y
2.51%
Profit 5Y
5.00%
Revenue (YoY)
16.70%
Earnings (YoY)
528.30%

PROS

  • Strong return on equity of 25.3%.
  • Excellent profit margin of 23.1%.
  • Attractive dividend yield of 4.05%.
  • Generates positive free cash flow.

CONS

  • Trading 37.1% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Defensive).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 MKC McCormick & Company, Incorporated SPX 47.37 7.77 $12.74B 4.05% 10.94% 25.35% 2.51% 5.00%
2 WMT Walmart Inc. SPX 115.75 40.76 $922.64B 0.86% 18.21% 24.13% 5.27% 23.30%
3 COST Costco Wholesale Corporation NDXSPX 956.32 49.76 $424.27B 0.61% 27.44% 29.65% 6.64% 11.49%
4 KO The Coca-Cola Company SPX 79.01 24.85 $339.94B 2.68% 21.13% 43.37% 3.69% 11.16%
5 PG The Procter & Gamble Company SPX 143.56 21.02 $334.29B 2.97% 23.63% 31.11% 1.67% 2.71%
6 PM Philip Morris International Inc. SPX 177.38 24.98 $276.46B 3.31% 35.35% - 8.57% 7.84%
7 PEP PepsiCo, Inc. NDXSPX 144.19 22.64 $197.10B 4.11% 15.23% 43.88% 2.83% -2.57%
8 MO Altria Group, Inc. SPX 69.58 14.53 $116.19B 6.09% 40.85% - -0.89% 6.42%
9 MNST Monster Beverage Corporation NDXSPX 88.08 42.55 $86.14B - 28.33% 26.65% 9.54% 16.94%
Ad space

Quarterly Results

Figures in USD.

Metric Aug 2015Nov 2015Feb 2016May 2016Aug 2016Nov 2016Feb 2017May 2017Aug 2017Nov 2017Feb 2018May 2018Aug 2018Nov 2018Feb 2019May 2019Aug 2019Nov 2019Feb 2020May 2020Aug 2020Nov 2020Feb 2021May 2021Aug 2021Feb 2022May 2022Aug 2022Feb 2023May 2023Aug 2023Feb 2024May 2024Aug 2024Nov 2024Feb 2025May 2025Aug 2025Nov 2025Feb 2026
Revenue ------1.04B1.11B1.19B1.49B1.22B1.30B1.32B1.47B1.23B1.30B1.33B1.48B1.21B1.40B1.43B1.56B1.48B1.56B1.55B1.52B1.54B1.60B1.57B1.66B1.68B1.60B1.64B1.68B-1.61B1.66B1.72B1.85B1.87B
Cost of Revenue -----------------------------------1.00B1.04B1.08B1.13B1.17B
Gross Profit 421.90M521.70M405.00M432.80M453.90M540.00M413.00M444.60M484.40M668.20M460.40M505.40M522.50M605.00M466.90M508.50M539.90M630.00M469.90M579.50M590.30M660.70M577.50M614.60M599.60M560.40M523.00M566.70M562.90M615.50M622.80M599.30M619.60M649.90M-604.00M622.80M645.10M720.30M708.90M
Operating Expenses -----------------------------------378.80M364.20M352.50M404.80M456.30M
Operating Income 138.70M212.20M129.10M125.00M167.80M219.10M134.20M132.60M168.70M266.90M181.10M188.60M229.90M291.50M196.90M208.10M253.50M299.20M194.20M257.40M273.00M274.90M236.30M237.40M265.20M206.90M157.20M235.20M199.00M221.80M245.00M233.50M234.10M286.50M-225.20M258.60M292.60M315.50M252.60M
EBITDA -----------------------------------288.80M312.70M359.30M379.70M295.30M
Interest Expense -----------------------------------48.50M51.00M50.20M46.50M47.30M
Pretax Income -----------------------------------186.50M204.60M247.90M274.00M185.00M
Tax Provision -----------------------------------41.60M49.30M39.30M65.60M48.70M
Net Income 97.60M149.20M93.40M93.80M127.70M157.40M93.50M100.00M108.20M175.70M422.60M123.30M173.50M214.00M148.00M149.40M191.90M213.40M144.70M195.90M206.10M200.70M161.80M183.70M212.40M154.90M118.50M222.90M139.10M152.10M170.10M166.00M184.20M223.10M-163.40M175.00M225.50M226.60M1.02B
Diluted EPS 0.761.160.730.731.001.240.740.790.851.323.180.931.301.600.550.560.720.790.540.730.760.740.600.680.790.570.440.820.520.560.630.620.680.830.800.600.650.84-3.77

Profit & Loss (Annual)

Figures in USD.

Metric Nov 2008Nov 2009Nov 2010Nov 2011Nov 2012Nov 2013Nov 2014Nov 2015Nov 2016Nov 2017Nov 2018Nov 2019Nov 2020Nov 2021Nov 2022Nov 2023Nov 2024Nov 2025
Revenue --------4.41B4.73B5.30B5.35B5.60B-6.35B6.66B6.72B6.84B
Cost of Revenue --------------4.08B4.16B4.13B4.25B
Gross Profit 1.29B1.33B1.42B1.52B1.62B1.67B1.73B1.74B1.83B1.79B2.09B2.15B2.30B-2.27B2.50B2.59B2.59B
Operating Expenses --------------1.36B1.48B1.52B1.50B
Operating Income 376.50M466.90M509.80M540.30M578.30M550.50M603.00M548.40M641.00M699.80M891.10M957.70M999.50M-917.40M1.02B1.07B1.09B
EBITDA --------------1.16B1.21B1.32B1.34B
Interest Expense --------------149.10M208.20M209.40M196.20M
Pretax Income --------------812.80M798.70M898.30M913.00M
Tax Provision --------------168.60M174.50M184.00M195.80M
Net Income 255.80M299.80M370.20M374.20M407.80M389.00M437.90M401.60M472.30M477.40M933.40M702.70M747.40M-682.00M680.60M788.50M789.40M
Diluted EPS 1.942.272.752.793.042.913.343.113.693.723.502.622.78-2.522.522.922.93
R&D Expense -48.90M52.70M58.10M57.80M61.30M62.00M60.80M61.00M66.10M69.40M67.30M68.60M87.30M87.50M94.90M102.90M106.10M

Compounded Sales Growth

5 Years:2.51%
1 Year:16.70%

Compounded Profit Growth

5 Years:5.00%
1 Year:528.30%

Stock Price Performance

1 Year:-32.97%
6 Months:-28.33%
3 Months:-32.72%
1 Month:-6.27%

Balance Sheet (Annual)

Figures in USD.

Metric Nov 2007Nov 2008Nov 2009Nov 2010Nov 2011Nov 2012Nov 2013Nov 2014Nov 2015Nov 2016Nov 2017Nov 2018Nov 2019Nov 2020Nov 2021Nov 2022Nov 2023Nov 2024Nov 2025
Total Assets --3.39B3.42B4.09B4.17B4.45B4.38B4.47B4.64B10.39B10.26B10.36B12.09B-13.12B12.86B13.07B13.20B
Current Assets ---------------2.39B2.00B2.14B2.14B
Cash & Equivalents 45.90M38.90M39.50M50.80M53.90M79.00M63.00M77.30M112.60M118.40M186.80M96.60M155.40M423.60M-334.00M166.60M186.10M95.90M
Inventory ---------------1.34B1.13B1.24B1.27B
Receivables ---------------573.70M587.50M587.40M628.90M
Total Liabilities --2.04B1.96B2.47B2.47B2.50B2.60B2.79B3.00B7.81B7.07B6.91B8.15B-8.43B7.78B7.75B7.43B
Current Liabilities --818.20M834.80M993.30M1.19B1.06B1.12B1.24B1.42B1.95B2.00B2.15B3.05B-3.43B3.10B2.88B3.06B
Long Term Debt --875.00M779.90M1.03B779.20M1.02B1.01B1.05B1.05B4.44B4.05B3.63B3.75B-3.64B3.34B3.59B3.11B
Total Debt ---------------5.33B4.59B4.51B4.16B
Total Equity -----------3.17B3.44B3.93B-4.68B5.06B5.29B5.74B
Shares Outstanding ---------------268.00M268.10M268.00M268.40M

Cash Flows (Annual)

Figures in USD.

Metric Nov 2008Nov 2009Nov 2010Nov 2011Nov 2012Nov 2013Nov 2014Nov 2015Nov 2016Nov 2017Nov 2018Nov 2019Nov 2020Nov 2021Nov 2022Nov 2023Nov 2024Nov 2025
Operating Cash Flow 314.60M415.80M387.50M340.00M455.00M465.20M503.60M590.00M658.10M815.30M821.20M946.80M1.04B-651.50M1.24B921.90M962.20M
Investing Cash Flow -747.00M-81.80M-129.70M-537.50M-109.00M-239.70M-131.60M-338.90M-267.10M-4.51B-158.50M-171.00M-1.03B--146.40M-260.50M-269.00M-255.20M
Financing Cash Flow 433.40M-341.80M-261.10M187.80M-324.30M-245.90M-348.90M-199.60M-371.50M3.76B-751.10M-725.80M220.90M--487.20M-1.18B-583.10M-840.90M
Capital Expenditure -85.80M-82.40M-89.00M-96.70M-110.30M-99.90M-132.70M-128.40M-153.80M-182.40M-169.10M-173.70M-225.30M--262.00M-263.90M-274.90M-221.80M
Free Cash Flow 228.80M333.40M298.50M243.30M344.70M365.30M370.90M461.60M504.30M632.90M652.10M773.10M816.00M-389.50M973.40M647.00M740.40M
Net Change in Cash --------------17.90M-207.40M69.80M-133.90M
Share Buybacks 11.00M-82.50M89.30M132.20M177.40M244.30M145.80M242.70M137.80M62.30M95.10M47.30M8.60M38.80M35.70M53.10M34.80M

Ratios (Annual)

Figures in %.

Metric Nov 2008Nov 2009Nov 2010Nov 2011Nov 2012Nov 2013Nov 2014Nov 2015Nov 2016Nov 2017Nov 2018Nov 2019Nov 2020Nov 2021Nov 2022Nov 2023Nov 2024Nov 2025
Gross Margin % --------41.5%37.9%39.5%40.1%41.1%-35.8%37.6%38.5%37.9%
Operating Margin % --------14.5%14.8%16.8%17.9%17.8%-14.4%15.4%15.9%16.0%
Net Margin % --------10.7%10.1%17.6%13.1%13.3%-10.7%10.2%11.7%11.5%
ROE % ----------29.4%20.4%19.0%-14.6%13.4%14.9%13.8%
ROCE % -18.2%19.7%17.5%19.4%16.3%18.5%17.0%19.9%8.3%10.8%11.7%11.1%-9.5%10.5%10.5%10.8%

Shareholding Pattern

Insiders
0.03%
Institutions
93.39%
Public Float
93.42%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 8.38% 21.27M $1.01B
2 State Farm Mutual Automobile Insurance Co 6.51% 16.52M $782.68M
3 Vanguard Capital Management LLC 6.50% 16.51M $782.18M
4 State Street Corporation 6.04% 15.35M $726.90M
5 Vanguard Portfolio Management LLC 5.46% 13.86M $656.77M
6 Aristotle Capital Management, LLC 4.99% 12.66M $599.91M
7 Geode Capital Management, LLC 2.62% 6.67M $315.74M
8 T. Rowe Price Investment Management, Inc. 2.24% 5.70M $270.03M
9 Boston Partners 1.73% 4.41M $208.69M
10 Invesco Ltd. 1.55% 3.94M $186.70M

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